Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0464%/8h= +50.8% APRpaid last 24h +0.162%
Price spread now: Aftermath Perps against Katana Perps+0.071%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Aftermath Perps is 0.071% dearer against Katana Perps than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps XRP-USD1.51430.0099pay 0.0099% / 8h1h 42m$13K$368K20x
ShortAftermath Perps XRPUSD1.51540.0563get 0.0070% / 1h42m 13s$2K$16K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Katana Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$97.37
Price spread: +0.071% → 0.000%
$7.13
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$91.71
Costs to cover
0.128%
Break-even
0.4 days
Slippage unknown: Katana Perps: no order-book sample; Aftermath Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell Aftermath Perps no order-book sample
Katana Perps and Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5142−0.007%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5138−0.035%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5130−0.086%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5143+0.001%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5145+0.011%$14.5M$75.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.754%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0080%1h1.5149+0.040%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5148+0.033%$7.7M$25.0M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0081% / S −0.0029%1h1.5143−0.003%$799K200xas long as short
Lighter XRP+0.0096%1h1.5144+0.007%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5145+0.013%$545K$3.2M20xas long as short
Katana Perps XRP-USDlong+0.0099%8h1.5143long leg$13K$368K20x
Nado XRP-PERP+0.0100%1h1.5138−0.030%$985K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5142−0.007%$38.4M$87.6M100xas long as short
Pacifica XRP+0.0100%1h1.5141−0.016%$605K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5143+0.003%$529.8M$2.23B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5139−0.026%$345.3M$969.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5140−0.020%$127.2M$891.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5161+0.119%$563K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5148+0.033%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5145+0.013%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5140−0.020%$372.6M$159.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5141−0.013%$299.3M$921.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5142−0.010%$107.2M$182.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5138−0.033%$267.2M$400.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.5141−0.013%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5118−0.166%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5135−0.053%$657K$114.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5133−0.066%$1.1M$36.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5147+0.026%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5148+0.035%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5144+0.007%$47K$491K20xas long as short
Bullet XRP-USD+0.0100%1h1.5144+0.006%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5141−0.013%$65K$810K50xas long as short
Derive XRP-PERP+0.0100%1h1.5142−0.005%$815K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5145+0.014%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5148+0.033%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5145+0.013%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5141−0.013%$54.1M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5146+0.023%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5138−0.032%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5141−0.013%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0153%1h1.5150+0.046%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0160%1h1.5161+0.118%$17K$79K7xas long as short
Hyperliquid XRP+0.0160%1h1.5154+0.074%$288.7M$265.0M20xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5148+0.033%$5.7M$48.3M50xas long as short
Kalshi KXXRPPERP+0.0215%8h1.5148+0.033%$1.7M$35.3M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5139−0.026%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5144+0.007%$23.5M$77.8M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5146+0.020%$522K$795K10xas long as short
Aftermath Perps XRPUSDshort+0.0563%1h1.5154+0.071%$2K$16K10x